What do you think about Airdrop in cryptocurrency?
Airdrop in crypto for me is the ability of sharing new coin in order to promote their arrivals, and this sharing process is done courtesy wallets, by so doing the new cryptocurrency gain full and total aware-ness by so doing people will totally wants to key in and buy into the idea of owning the coin, as you will agree with me that what's makes a particular coin to rise is when more people owns it then the market capitalization wi boom and sky rocket.
Tokens courtesy the new coins will be distributed to mostly members of the block chain who are very active remember the distribution is simply free what you then need to do is to promote the brand of the company that has promoted the kind gesture, thereby retweeting their messages and brand in the sole motive of making then popular and increasing their market capitalization.
Cryptocurrency airdrop is a way to start in the marketing analysis of a new coin thereby creating a total awareness and by so doing token will be shared round to active member in the blockchain.
In the sharing process tokens are been credited to traders, active individual's in the blockchain for free, by so doing the market capitalization of the coin might rise, because more people are getting to know more about the new development.
More people won't be subjective owning different coin of their choice, just as I have said traders will have an eazy ride to Florish and trade courtesy the new development in the blockchain ecosystem.
How can we know about an Airdrop event so that we can participate?
Airdrop is performed in an exchange, but airdrop is mostly performed in a block-chain chain, it's motive is genuine as it in one time releases a clear awareness of the newest crypto and the project it wants to develop and by distributing it to different people active in the blockchain creates more awareness and by so doing it can be listed in an exchange by so doing many people will get to trade on it that is the ICO initial coin offering.
How you can know about airdrop so you can participate is very simple first follow the company official website, follow then on all their social media platforms, and their crypto forum too by all this you will be tagged an active member and during sharing you no doubt benefit.
It depends on the companies requirements though but for you to be selected as a qualified person you need to hold a certain amount of coins in your crypto wallet, also the company may mandate you to carry out a specified task, just in the form of promotion their brand on any media you can have access to at the required time frame.
You can also use any blogging platform to promoting it too be it centralized platform or Decentralized platform just make sure you keep on promoting the newest brand.
In this phase not all airdrops are totally genuine we have the good and bad of then all so you need to be very careful, to verify the real airdrop they don't permit capital investment in any currency at all it's objective should be practically total promotion nothing more, there are lots of scan courtesy crypto airdrop.
Where are Airdrop events often held?
Since airdrop involves the distribution of tokens in order to create awareness about a new coin they are practically held on a blockchain, just as I have said the company must have a policy guilding their motive of service by then I mean how their crypto airdrop is been shared you must be an active member in the blockchain and you will need to promote their brand too on social media so that more people will get to know and own their coins.
So airdrop events are commonly held, in the blockchain, social media, crypto forums, and all the rest. For me I don't buy into the idea of airdrop I don't know but it seems to me as scan always that's my personal thought about it though.
Are all Airdrop events free from scams? Otherwise, how can we avoid the scam?
If you want to know whether airdrop events are
free from scan you should at least understand that legit airdrop doesn't seek Capital investment, there are so many airdrops that are scan no doubt imagine micro account of Bitcoin or so many other well known crypto to individual's recipient this is practically called dusting scan, and you expect then to believe that the airdrop is free no that won't happen you as an individual wi surely know that that particular one isn't the right airdrop. You as an individual should be very notified not every token you see on your wallet is legit.
To avoid been a victim of any scan courtesy airdrop you should do a fundamen analysis courtesy the token/coin that you have received from unknown source before making it a viral one on social media thereby promoting scan, you should also know that airdrop can't come with a capital investment, it eventually does quickly know that this particular one is scan, and don't promote.
Have you ever participated in a cryptocurrency Airdrop event? If so, then explain. Meanwhile, if you have never participated but have heard of the Airdrop event, then explain it. (Show proof with screenshot)
Honestly I haven't participated in any crypto airdrop before but I have heard about it, sometimes last year me wallet got credited with one token like that please view, this coin that is credited to my wallet seems to be under the ERC-20 and for you to know that this coin is fake it that it came with capital investment.
When I got this unaware of the coin I was surprised that this came to my wallet, but I didn't do anything with it I just left it, one thing I can't do is to promote it because I can't promote what I'm not totally aware of, instead of promoting fake news I left and kept it stagnant.
Now you should understand that not all airdrop, are legit some people but some people miss interpret the whole situation if they see coin they believe that it's totally genuine without conducting proper fundamental Analysis about the coin, and they start promoting now one thing that you should understand is that airdrop also can be goton through exchange not only wallets please note this abd also different airdrop providers have their different constitution regarding how their airdrops can be promoted before you are been credited through any wallet or through exchange, as the case may be.
Give and explain an example of an Airdrop event that has passed and the airdrop was successful. Then give one more example that has been proven to be a fraud. (It is not allowed to take the example that has been taken in question number 5).
I hardly engage in airdrop but in the crypto group I operate probably telegram, I have to do a to-roll analysis about green coin I took to social media to promote it and this particular one no doubt was legit and hopefully I got it enough, I also checked via coin-marketcap and I saw the price so it's really legit and I can't stop promoting it
This particular airdrop was successful in all ramification and currently now I trade on it using my desired exchange, in every situation where we are commonly embraced with false news all around trust me there are also good and effective realistically truth in everything, so many people normally look at airdrop as scan but not all airdrop are scan as you can see it the airdrop doesn't have any form of a capital investment.
Apart from the airdrop I posted in question 5 that can't be repeated here, I haven't participated in any airdrop that have failed or committed to be fraud, before to be frank with you
Look for an example of ongoing Airdrop events, make an analysis that proves that the Airdrop of your choice is good. (Screenshot required).
In the previous question I just answered I made mention of green coin, the airdrop event as I speak to you is going on, I belong to a telegram class and in there we are really getting multiple strings of green coin credited to our various wallets.
As I speak to you now the airdrop events is practically going on now, analyzing this it might intrest you that green coin has a rank in coin-marketcap and it's been added too it's value Currently as I'm writting this stands at 0.0246 dollars by so doing you can believe it me that this particular one is not fraud. Is practically good anyone who wants to join should add me up with my discord #kingcent#6902.
Explain the steps to participate in the Airdrop of your choice. (Screenshot required).
Explaining the various steps first you need to follow and join our discord channel and you will be approved by the admin.
You will be given a ground lecture about crypto if you are a novist so that it won't sound as a fraud to you.
- Another phase is that you will be given a task as to promoting the companies website and also promoting our brand on social media.
- From the image I uploaded you can see the various charts we carry out on the group, so it's really legit.
So before the token will be sent to you it must be assumed that all the task given to you must have been fulfilled.
One more thing is that you must have a discord account, we are not on telegram or watsapp.
Conclusion
From my homework you will understand that airdrop in crypto is all about promoting and sharing the new coin in order for it to gain awareness and thus the reputation might increase volumes and market capitalization's too.
Airdrop usually happens in a blockchain, sometimes too in an exchange so exchange in this ocassion can't be subjective, tokens here can only be distributed to active members in the blockchain if you have officially participated in the exercise given to you by the admin.
Some airdrops can be fraud, many too seems to be real, so what you then need to do is to conduct a proper Fundamental Analysis to ascertain the uniqueness of it, before you can proceed to accepting it.
Apart from the first image I sourced all images used are all my original work, many thanks to you professor @wahyunahrul you really did well by explaining this God bless you sir.
Cc:@wahyunahrul